8541 Deep Street, San Joaquin, CA

$6,400,000

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2.56

Acres

About 8541 Deep Street

Welcome to an incredible investment opportunity featuring 42 fully occupied townhomes in a thriving farming community just 25 minutes from Fresno. The property currently sits at an approximate 6% cap rate, with potential to significantly increase the cap rate by bringing the units up to market rents. These townhomes were built in 2007 and consist of: - 22 three-bedroom, 2.5-bath units at approximately 1,200 sqft - 20 two-bedroom, 1.5-bath units at approximately 900 sqft With each unit assigned its own APN for individual resale, this property offers excellent flexibility for investors. All 42 units are occupied, providing a reliable income stream. San Joaquin Townhomes has a waitlist and quickly fills any vacant units, demonstrating strong demand in this market. The property is low maintenance, which can be a significant advantage for investors looking to minimize upkeep costs and management time. The townhomes benefit from city water and sewer, as well as natural gas services. The grounds are well kept, featuring attractive landscaping, a playground, and a basketball hoop, creating a welcoming environment for residents. This location offers a fantastic living option for those working and living in the area, providing a more affordable alternative to Fresno with a short drive. Don’t miss your chance to capitalize on this promising investment opportunity! Ask about our assumable Mortgage at 4.8%! APNs

Features of 8541 Deep Street

MLS® # MP24218768
Price $6,400,000
Bathrooms 0.00
Acres 2.56
Year Built 2007
Type Residential Income
Sub-Type Condominium
Status Active

Community Information

Address 8541 Deep Street
Community Type Condominium
City San Joaquin
County Fresno
State CA
Zip Code 93660

Listing Map

Amenities

Utilities Electricity Connected, Sewer Connected, Water Connected
Is Waterfront No
Has Pool No
Pool None

Interior

Heating Central
Cooling Central Air
Has Basement No
Fireplace No
# of Stories 2
Stories Two

Exterior

Exterior Drywall
Lot Description Corner Lot, Cul-De-Sac, Front Yard, Garden, Lawn, Lot Over 40000 Sqft, Landscaped, Street Level, Yard
Construction Drywall
Foundation Slab

Additional Information

Date Listed October 21st, 2024
Days on Market 92
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentDylan Shull
OfficeConcierge Real Estate Services, Inc.

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